Is now a good time to buy new construction?

"It’s a great time to buy new construction in the Twin Cities," says Barb Jandric, president of Edina Realty. "Low inventory means that buyers are seeking alternative options, and building a home from scratch is a great way to get the exact home you've been dreaming of."

If you’ve been sitting on the sidelines, evaluating the housing market and determining the best time to make a move, the bottom line is simple. Housing is always a smart investment, and the current Twin Cities market offers a little something for everyone.

Twin Cities Inventory

The Twin Cities market has an extremely low inventory right now, making it a seller's market. If you're a buyer finding it difficult to find a home in your price range, it may be time to explore new construction as an option. After a few years of slow business, builders in our area are booming and would love to begin working with you.

Interest Rates

Interest rates remain at historically low levels, making it easy to finance a purchase. Whether you’re looking for your first home or investment property, a variety of flexible financing programs are available. In addition, interest rate locks of up to two years on new construction properties provide options that are in your best interest now, as well as into the future.

Developer Incentives

Many developments in today’s market offer a wide variety of packages and incentives. Whether you’re a first-time buyer or life changes prompt a move, incentives might provide that extra boost you need to get into the home of your dreams.